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AVT Natural Products Ltd. Company History and Annual Growth Details

YEAR EVENTS
1986 - The Company was incorporated on 12th March. It was promoted by
A.V. Thomas Group. The Company carries on processing of
soyabean, minor oil seeds and oil cakes by solvent extraction.

1987 - 60 Pref. and 110 No. of equity shares subscribed for by the
signatories to the Memorandum of Association. 15,99,890 No. of
equity shares then issued at par out of which 9,59,890 shares
were reserved and allotted to promoters, directors, their
relatives etc. (including 1,60,000 shares to non-resident Indians
on repatriation basis).

- Out of the remaining 6,40,000 shares, the following shares were
reserved for preferential allotment; (i) 2,40,000 shares to
non-resident Indians on repatriation basis (only 48,700 shares
taken up); (ii) 80,000 shares to employees (including Indian
working directors)/workers of the Company and (iii) 12,800 shares
to business associates of the Company (out of (ii) and (iii)
above only 14,600 shares taken up).

- The balance 2,07,200 shares along with the unsubscribed portion
of 2,69,500 shares out of the preferential quota were offered for
public subscription during April-May. Additional 1,60,000 shares
were allotted to the public to retain over-subscription.

1991 - The companies launched sunflower oil under brand name `SUNBEAM'.

- Forfeiture on 8,500 No. of equity shares annulled.

1992 - In March, 17,60,000 Rights equity shares issued (Prem. Rs 13,
prop. 1:1). Additional 2,64,000 shares allotted to retain
over-subscription. Another 88,000 shares (prem. of Rs 13 per
share) offered to employees etc. (only 23,100 shares taken up).

1993 - The Company proposed to redeem the 12% redeemable cumulative
preference shares of Rs 6000 on 30.9.1993.

1994 - The Company has launched sale of coconut oil in Karnataka and
Sunflower oil in Kerala.

1996 - The Oleoresin division installed, an Effluent Treatment Plant at
Sathyamangalam and Bio Composting method to dispose the effluent
during the year.

1997 - Profitability of the Oleoresin division was not upto the mark due
to the closure of Sathyamangalam unit for 18 days on account of
villagers agitation on Environmental issue.

2000 - Kochi-based AVT Natural Products has commissioned its post
Marigold de-hydration centre at Tiptur, in Tumkur district , Karnataka.

2005

-AVT Natural Products Ltd has entered into two agreements, one with M/s Pan American Seeds, USA and the other with Chrysantis USA

2006

-AVT Natural Products Ltd has informed that AVT Natural Pte Ltd, Singapore, wholly owned subsidiary of the Company has entered into an agreement with Kemin Foods L.C.(USA) for managing their wholly owned subsidiary in Thailand, Siagra Company Ltd

-AVT Natural Products has given the Bonus in the Ratio of 1:1


2007

-"Mr. Dileepraj P has been appointed as the Company Secretary of the Company and Compliance Officer,


2008

-AVT Natural - Decaffeination of Tea Agreement with Finlay Tea Solutions UK Ltd.

-The Company have signed a "Critical Global Strategic Partnership Agreement" with Kemin Health L.C. Des Moines, lowa, USA.


2010

-AVT Naturals have shared second prize of Kerala State Pollution Control for excellence in pollution control by large industries in Kerala for 2009/10.

2011

-The Board of Directors of the Company at its meeting held on July 22, 2011, inter alia, has recommended dividend of 50% (Rs. 5/-per share) on the Equity Capital, for the year ended March 31, 2011.

-Registered Office of the Company has been shifted From No. 64, Rukmani Lakshmipathy Salai, Egmore, Chennai - 600 008 To No. 60, Rukmani Lakshmipathy Salai, Egmore, Chennai - 600008.

2012

-AVT Natural - Intimation of starting U.K. Subsidiary.

-The Board of Directors of the Company at its meeting held on January 27, 2012, inter alia, had declared a Special Interim Dividend of 25% (Rs. 2.50/- per equity share) for the Financial year 2011-12 on the occasion of Silver Jubilee of the Company.

-Company has splits its Face value of Shares from Rs 10 to Re 1

2013

-AVT Natural Prod - AVT Natural launch Health Supplements

-The Company has discussed and approved the issue of Bonus Shares in the ratio of 1:1

2014

-The Company has approved the Final Dividend of 45% (Re. 0.45/- per share on face value of Re. 1/-) on the Equity Capital, for the year ended March 31, 2014.

2015
-AVT Natural expands plant capacity at South Vazhakulam

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